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RiverNorth Managed Duration Municipal Income Fund, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by Browne Jonathan Paul, was filed 11 Apr 2025.
RiverNorth Managed Duration Municipal Income Fund, Inc.: what insiders have been doing
Every trade that managers of RiverNorth Managed Duration Municipal Income Fund, Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Finance & Banking sector. The past year has been quiet: not a single insider filing for RiverNorth Managed Duration Municipal Income Fund, Inc. The previous disclosure was published on 11 April 2025.
Our records for RiverNorth Managed Duration Municipal Income Fund, Inc. go back to 2019, with 29 purchases and 11 sales on the open market in total.
For comparison within the same sector, see the insider buying recorded at Dynex Capital Inc and Presurance Holdings, Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
42
Thresholds
n/a
Buy Volume
€1M
29 ops. · all time
Sell Volume
€898,137
11 ops. · all time
Who traded when
BuySalePatrick W. Galley5 buys
Jonathan Paul Browne1 buy
Since the insiders bought
- +8.7%Entry US$13.28 · Close at T+365 US$14.44
- +10.4%Entry US$13.08 · Close at T+365 US$14.44
- -22.6%Entry US$19.78 · Close at T+365 US$15.30
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2026FY ended June 2026 · cache
US$13.18
Analyst consensus
Income statement
RevenueUS$33.7M
Net incomeUS$33.5M99.4% margin
Valuation
PER (trailing)7.8x
Balance sheet & cash
Market capUS$260.1M
Total debtUS$197.1M
Free Cash FlowUS$9.9M
Profitability & ownership
% insiders0.0%
% institutions20.1%
Last declaration on 11 April 2025
Declarations42 total
800 shares@ US$13.04100.0% of flowCommon StockSEC:0001398344-25-007044:0
Canonical exit: 9 Jul 2025 (T+90)
2,000 shares@ US$13.155.3% of flowCommon StockSEC:0001398344-25-006960:1
Canonical exit: 8 Jul 2025 (T+90)
2,000 shares@ US$13.136412.1% of flowCommon StockSEC:0001398344-25-006960:0
Canonical exit: 8 Jul 2025 (T+90)
2,000 shares@ US$13.165.3% of flowCommon StockSEC:0001398344-25-006875:1
Canonical exit: 7 Jul 2025 (T+90)
2,000 shares@ US$13.185.3% of flowCommon StockSEC:0001398344-25-006875:2
Canonical exit: 7 Jul 2025 (T+90)
2,000 shares@ US$13.1112.0% of flowCommon StockSEC:0001398344-25-006875:0
Canonical exit: 7 Jul 2025 (T+90)
5,000 sharesCommon Shares of Beneficial InterestSEC:0001398344-24-021898:0
1,888.083 shares@ US$15.8891100.0% of flowCommon Shares of Beneficial InterestSEC:0001398344-23-008363:0
2,000 shares@ US$13.9114.4% of flowCommon StockSEC:0001398344-22-021575:0
100 shares@ US$13.640.3% of flowCommon StockSEC:0001398344-22-021197:1
2,900 shares@ US$13.6220.0% of flowCommon StockSEC:0001398344-22-021197:0
1,000 shares@ US$15.80100.0% of flowCommon StockSEC:0000898432-22-000329:0
5,000 shares@ US$18.7541.4% of flowCommon StockSEC:0001398344-22-003454:0
Canonical exit: 12 May 2022 (T+90)
1,500 shares@ US$19.735100.0% of flowCommon StockSEC:0001398344-21-022509:0
Canonical exit: 20 Feb 2022 (T+90)
5,269 shares@ US$20.3417.6% of flowCommon StockSEC:0000898432-21-000487:1
9,330 shares@ US$20.2931.3% of flowCommon StockSEC:0000898432-21-000487:2
1,264 shares@ US$20.3536100.0% of flowCommon StockSEC:0000898432-21-000487:0
1,500 shares@ US$19.2813.9% of flowCommon StockSEC:0001398344-21-008283:0
3,699 shares@ US$19.2934.2% of flowCommon StockSEC:0001398344-21-008283:1
25,000 shares@ US$18.6451.8% of flowCommon StockSEC:0001398344-21-007719:0
4,000 shares@ US$18.718.3% of flowCommon StockSEC:0001398344-21-007719:1
1,500 shares@ US$17.9023.6% of flowCommon StockSEC:0001398344-21-005350:0
Canonical exit: 27 May 2021 (T+90)
500 shares@ US$16.4563.6% of flowCommon StockSEC:0000898432-20-000560:0
Canonical exit: 19 Aug 2020 (T+90)
2,000 shares@ US$13.798.4% of flowCommon StockSEC:0001398344-20-006660:0
Canonical exit: 21 Jun 2020 (T+90)
2,000 shares@ US$13.808.4% of flowCommon StockSEC:0001398344-20-006660:1
Canonical exit: 21 Jun 2020 (T+90)
25 of 42 declarations
About RiverNorth Managed Duration Municipal Income Fund, Inc.
RiverNorth Managed Duration Municipal Income Fund, Inc. (NYSE: RMM) is a U.S.-listed closed-end fund focused on municipal bonds. For international investors, it should be understood less as an operating company and more as an actively managed listed income vehicle: its primary objective is to deliver current income exempt from regular U.S. federal income taxes, while seeking total return as a secondary objective. The fund trades on the NYSE in the United States, placing it squarely in the listed asset-management / fixed-income fund universe rather than the corporate equity universe. ([rivernorth.com](https://www.rivernorth.com/investments/rmm/?utm_source=openai))
RMM was launched in July 2019. RiverNorth Capital Management, based in Chicago, designed the product as part of its opportunistic investment platform, which targets less-efficient market segments where pricing dislocations may create value. The fund is organized as a Maryland corporation and registered as a diversified closed-end management investment company under the U.S. Investment Company Act of 1940. Structurally, RMM combines RiverNorth’s closed-end fund allocation expertise with MacKay Shields / MacKay Municipal Managers’ municipal bond capabilities. That partnership is central to the strategy and to the fund’s market positioning. ([nasdaq.com](https://www.nasdaq.com/press-release/rivernorth-launches-managed-duration-municipal-income-fund-with-mackay-municipal?utm_source=openai))
Read moreShow less
From an investment perspective, RMM seeks monthly distributions and primarily invests, directly or indirectly, in investment-grade municipal securities, while retaining the flexibility to hold lower-rated debt if needed. The portfolio is managed with an active duration framework, with a target duration around +/- 3 years versus the Bloomberg US Municipal Index, before leverage effects. RiverNorth also emphasizes that the closed-end fund structure can create incremental return opportunities through changes in the discount or premium to net asset value (NAV). The fund may use leverage to enhance distributable income and to take advantage of municipal market dislocations. ([rivernorth.com](https://www.rivernorth.com/investments/rmm/?utm_source=openai))
In competitive terms, RMM is positioned as a specialized income solution for investors seeking tax-advantaged exposure to the U.S. municipal bond market. Its competitive edge is not broad diversification or scale alone, but a niche focus, active duration management, and access to two complementary managers with different strengths. The fund’s investment universe is largely domestic, centered on U.S. municipal issuers; however, the NYSE listing makes the shares accessible to global investors through U.S. market access. ([rivernorth.com](https://www.rivernorth.com/investments/rmm/?utm_source=openai))
Recent highlights underscore the fund’s continued relevance as a yield-oriented vehicle. RiverNorth reported total net assets of about $300.06 million as of May 6, 2026, alongside a market price discount of roughly 4.34% to NAV. The fund also continued to announce monthly distributions through 2025 and 2026, supporting its income-oriented profile. For French, Belgian, and Swiss investors, RMM is best viewed as a U.S. municipal-income CEF where tax treatment, leverage, discount/premium dynamics, and interest-rate risk are the key variables to monitor. ([rivernorth.com](https://www.rivernorth.com/investments/rmm/?utm_source=openai))
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